Ropes & Gray Advises Sixth Street on Acquisition of 15 Buildings within Major Lisbon Office Campus
Ropes & Gray has advised the London-based real estate team of Sixth Street, a global investment firm, on its acquisition of 15 buildings within a large office campus in the Western Corridor of Lisbon, Portugal. Sixth Street partnered with Acacia Point on the transaction, and Acacia Point will continue as operational asset manager of the campus as it has been since 2018.
Quinta da Fonte Office Park (QDF) is located 15km west of central Lisbon. QDF is comprised of high quality, attractive business premises serving primarily multinational pharmaceutical, engineering, financial services and technology companies.
The Ropes & Gray team was led by private equity real estate counsel Will Bryant with private equity real estate associate Nick Steynberg, both based in London.
In May this year, Ropes & Gray previously advised Sixth Street on its platform joint venture with Henley Investment Management, a UK-based private equity real estate firm, and on the joint venture’s first acquisition of a large office campus in West London close to Heathrow Airport. The transaction closed on 4 May 2021.